The Greece Crisis is Over, Just Like in Iceland
Plenty of victory laps being run this week after Greece was able to sell 5 Billion in bonds to the Euro central banks, I mean random investors looking for value. This means the Greek crisis is now over, and riots at the Parliament are just for show. Of course a similar all clear was sounded a while back about Iceland and I have to admit I had looked over the island nation for a while. Amazingly the "icesave" program is still in limbo:
Iceland PM appeals for voters to shun bank referendum
REYKJAVIK (AFP) – Iceland's premier Friday called for a new debt repayment deal with London and The Hague for a collapsed bank, while urging voters to shun a "meaningless" referendum on the controversy.Life or death? I thought this was all taken care of? No worries, at least Greece is over now.
"It's a matter of life and death for the Icelandic economy. We need an Icesave solution as soon as possible," Prime Minister Johanna Sigurdardottir said at a press conference, ahead of Saturday's plebiscite on the banking deal.
Right on Cue to Make me Look Smart
Hot on the heels of my "Compressing the Risk Pyramid" post which laid out the enormous risks the US government now sports on it's balance sheet congress foll Barney Frank tried to say otherwise and this resulted in a lightspeed clarification by the Treasury department on just what total endless commitment means:
Treasury Restates Support For Fannie, Freddie After Barney Frank's 'No Guarantee' Comments Panic Investors
I would wonder what totally stupid investor was scared that the guarantee was not really in effect? Anyone have a guess?
Everything is Fine Except the Things that Don't Matter
Two lists of where things are.
Things that Matter:
-Rate of change for (insert blank)
-Easy money promises
-Beating expectations set far too low for (insert blank)
-Excuses based on snow in the winter
Things that don't matter:
-Riots and protests
-Home prices double dipping
-The actual numbers behind things and not just rate of change for (insert blank)
Another Mortgage Holder Gives Up
Just so we now things are hard all over, actress Scarlett Johansson will be selling one of her homes for about a 2.5 million dollar loss. I imagine she will find a way to go on. In case you do not know who Mrs. Disconnect, I mean Mrs. Johansson is, here is a totally random picture from Google to give you an idea:
Friday Night Entertainment
Some various things to have fun with!
"First of all, it was October, a rare month for boys. Not that all months aren't rare. But there be bad and good, as the pirates say. Take September, a bad month: school begins. Consider August, a good month: school hasn't begun yet. July, well, July's really fine: there's no chance in the world for school. June, no doubting it, June's best of all, for school doors spring wide and September's a billion year's away."Prologue for "Something Wicked This Way Comes" by Ray Bradbury
Want a cool Ice-T to drink, just hit the button:
see more Epic Fails
Kitten vs. Puppy
see more Lolcats and funny pictures
From Wikipedia today:
Classic example (faces or a vase?):
Two I had not considered:
-The "arrow" on the FEDEX logo:
-Can you see the two faces arguing on the Canadian flag? (eyes added to make easier):
Time for the music to set you free, for the weekend anyway!
A song that always gave me chills is Counting Crows and "Round Here":
By request, a U2 song that I had never heard before and it is a good one! Check out "Out of Control":
Another request? Another song I had never heard before (it's an all new night for me!) is Sammy Hagar and "I've Done Everything for You":
Let's do a live performance with Depeche Mode and "Wrong":
Last call! What to pick, what to pick...?
Maybe one of two Led Zeppelin songs I do like is "No Quarter", so let it roll:
Very good indeed.
Could not find the opening scene but enjoy some clips from an all time great film:
Streets of Fire
Have a good night.